US Markets Stock futures are down after Walmart released a disappointing earnings report after hours. - Walmart has cut its quarterly and annual profit estimates for the rest of 2022 due to the impact of inflation.
- Walmart lost 9% overnight, while competitors including Target (5%), Amazon (4%), Dollar General (3%), and Costco (2%) are also down.
- The current 10 Year U.S. Treasury yield is set at 2.79310%
| Dow Jones | 31,990.04 | 0.28% | | S&P 500 | 3,966.84 | 0.13% | | Nasdaq | 11,782.67 | -0.43% | | Russell 2000 | 1,817.77 | 0.60% | *Stock Market data as of the last closing bell. Data received directly from the references indexes through ICE Data Services. Do you not understand any of these figures? Check out our explainer.
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Canadian Markets The TSX was up on Monday, led by growth in the energy and financial sectors. - Nutrien, Enbridge, and Canadian Natural Resources were all up on the day, leading the energy market.
- While GCM Mining is not in the TSX index, the stock performed best in Canada, gaining 9.7% on the day.
- Canadian investors are awaiting economic, and interest rate news from the U.S. expected later this week.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
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European Markets European stocks were mixed on Monday as investors balanced European earnings with U.S. economic data. - UBS, Uniliver, LVMH, Credit Suisse, Deutsche Bank, Daimler, and Barclays are among the firms that will report Q2 2022 earnings this week.
- The Stoxx 600 gained 0.09% on the day despite losing more than 0.5% during trading.
- Bank stocks gained 1.7% to lead markets, while travel and leisure stocks trailed, losing 1% on the day.
| Euro STOXX 50 | 3,604.16 | 0.21% | | UK (FTSE 100) | 7,306.30 | 0.41% | | Germany (DAX) | 13,210.32 | -0.33% | | France (CAC 40) | 6,237.55 | 0.33% | *European stock prices are as of 7 am ET. Data received directly from the references indexes through ICE Data Services.
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Asian Markets Asian markets are mixed on Tuesday morning, although there is a generally positive investor sentiment in the continent. - South Korea announced that its economy grew by 0.7% last quarter.
- The Bank of Japan released its minutes justifying its decision to keep interest rates low despite international inflation concerns. Japan's inflation rate reached 2.2% in June.
- Alibaba was up 6% after announcing that it will apply for a primary listing on the Hong Kong Stock Exchange.
| S&P Asia 50 | 4,726.62 | 0.39% | | Japan (Nikkei 225) | 27,663.57 | -0.13% | | South Korea (KOSPI) | 2,408.65 | 0.21% | | China (Hang Seng) | 20,897.93 | 1.63% | | India (SENSEX) | 55,313.80 | -0.81% | *Asian stock prices are as of 7 am ET. Data received directly from the references indexes through ICE Data Services.
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Commodities Oil prices were up on Tuesday morning, bucking recent trends that have seen them fall for the past five weeks. - Brent crude was up 1.9% on Monday and it gained an additional 1.4% in early trading on Tuesday.
- U.S. West Texas Intermediate crude rose 2.1% on Monday and gained another 1.4% on Tuesday morning.
- Prices are increasing due to supply concerns surrounding Russia.
| Oil (NYSEARCA:OIL) | 32.49 | 1.72% | | Gold (NYSEARCA:GLD) | 160.23 | -0.27% | | Silver (NYSEARCA:SLV) | 16.98 | -0.93% | | Corn (NYSEARCA:CORN) | 23.53 | 2.80% | | Lumber (NASDAQ:WOOD) | 76.88 | 0.54% | *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, click here.
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Currency Exchange Rates The U.S. Dollar is near its 20-year high as investors await an interest rate hike from the Federal Reserve later this week. - Investors are currently pricing in a 90% chance of a 75 basis point hike and a 10% chance of a 1 percentage point increase.
- The U.S. Dollar Index was slightly down on Monday and is now at 106.27, just below its 20-year high of 109.29 from two weeks ago.
- New data from Australia showed annual inflation at 6.2%, the fastest rate in three years, which caused the Australian Dollar to climb to a one-month high.
| UK(GBP) | £0.83 | -0.64% | | Europe (EURO) | €0.98 | -0.27% | | Canada (Canadian Dollar) | $1.28 | -0.69% | | Japan (Yen) | ¥136.49 | 0.13% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
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Cryptocurrency Bitcoin continues to fall this week in anticipation of tomorrow's Federal Reserve meeting. - Aptos Labs announced that it raised $150M in funding with the round led by FTC Ventures.
- Teddy Doge suffered a rug pull, causing the coin's value to crash by 99.7% in 24 hours.
- $1.1M was stolen from Audius, the decentralized music project looking to compete with Spotify and other music streaming platforms.
| Bitcoin | $21,069.30 | -6.79% | | Ethereum | $1,421.32 | -1.35% | | Litecoin | $53.38 | -1.09% | | Bitcoin Cash | $116.24 | -11.89% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
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 |  | Liam Gill is a founder, lawyer and investor.
He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law at Zargar Lawyers + Business Strategists in Vancouver, Canada.
|   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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